BTC Outlook
The head and shoulder pattern I made yesterday can be said to be no longer valid. For now BTC is still consolidated in the area of 63.7k-59.5k. But from my view BTC has managed to get out of its downtrend channel and now slowly has made a new uptrend channel seen when previously BTC failed to make a new lower low and in fact btc instead made higher high and made higher low (currently). But still this area of consolidation is very necessary to note whether BTC will breakout or breakdown. Currently if you want to make a purchase according to it can be a fixed area because currently BTC still in the support area and in the lower of the uptrend channel. But as a safety cutloss still necessary (if the breakdown of its consolidation area 59.5k).
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